Quest Software Acquires BakBone Software for $55,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bdbfaac8-3a59-4a66-b9ed-0e905144b40c&Preview=1
Date
11/9/2010
Company Name
BakBone Software
Mailing Address
9540 Towne Centre Drive San Diego, CA 92121
Company Description
BakBone Software, Inc. delivers complexity reducing data protection technologies, including award-winning Linux solutions; proven Solaris products; and application-focused Windows offerings that reliably protect MS SQL, Oracle, Exchange, MySQL and other business critical applications.
Website
http://www.bakbone.com
Transaction Type
M&A
Transaction Amount
$55,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Quest expects to pay approximately $55 million, including the payment of certain debt obligations and net of anticipated cash on hand. BakBone shareholders will receive $0.33 per common share and $1.29 per preferred share following the closing of the acquisition.